Registered bond. A registered bond is one registered in the name of the owner and the bond
itself bears his name. Such a bond is transferable the same as a stock certificate. The bond itself
contains a form for assignment and transfer. When a registered bond is transferred a new bond is
issued for the old one just as when a stock certificate is transferred a new certificate is issued for
the old one.   The interest on a registered bond is paid by check, which is sent by mail to the post
office address of the owner of the bond.  Due notice of change of address should, therefore, be
given. The old address should be given as well as the new one.  There are some registered
coupon bonds, but such issues are not numerous.